Performance by Geographical Area

12 Months Ended

Dec. 31, 2022

Segments, Geographical Areas [Abstract]

Performance by Geographical Area

Performance by Geographical AreaThe Corporation’s operations are highly integrated with operations in both U.S. and non-U.S. markets. The non-U.S. business activities are largely conducted in Europe, the Middle East and Africa and in Asia. The Corporation identifies its geographic performance based on the business unit structure used to manage the capital or expense deployed in the region as applicable. This requires certain judgments related to the allocation of revenue so that revenue can be appropriately matched with the related capital or expense deployed in the region. Certain asset, liability, income and expense amounts have been allocated to arrive at total assets, total revenue, net of interest expense, income before income taxes and net income by geographic area as presented below.

(Dollars in millions)		Total Assets at Year End (1)		Total Revenue, Net of Interest Expense (2)		Income Before Income Taxes		Net Income
U.S. (3)	2022	$	2,631,815	$	82,890	$	28,135	$	25,607
	2021	2,789,862		78,012		31,392		27,781
	2020			75,576		18,247		16,692
Asia	2022	127,399		4,597		1,144		865
	2021	117,085		4,439		988		733
	2020			4,232		1,051		788
Europe, Middle East and Africa	2022	262,856		6,044		1,121		689
	2021	233,356		5,423		1,097		3,134
	2020			4,491		(596)		264
Latin America and the Caribbean	2022	29,305		1,419		569		367
	2021	29,192		1,239		499		330
	2020			1,229		293		150
Total Non-U.S.	2022	419,560		12,060		2,834		1,921
	2021	379,633		11,101		2,584		4,197
	2020			9,952		748		1,202
Total Consolidated	2022	$	3,051,375	$	94,950	$	30,969	$	27,528
	2021	3,169,495		89,113		33,976		31,978
	2020			85,528		18,995		17,894

(1)Total assets include long-lived assets, which are primarily located in the U.S.

(2)There were no material intercompany revenues between geographic regions for any of the periods presented.

(3)Substantially reflects the U.S.